Canara Bank unveils two new housing schemes for NRIs and HNIs

In a bid to cash in on the festive fervor, Canara Bank has launched two new housing schemes for Non-Resident Indians (NRIs) and High Networth Individuals (HNIs). The state-owned bank has also waived the processing charges for both the schemes till October 31.

For NRIs, home loan of up to Rs 30 lakh would be available at the base rate of 9.95%, while loans in the bracket of Rs 30-75 lakh will be available at a rate of 10%. Loans of above Rs 75 lakh would attract Rs 10.20%.

Besides, for HNIs housing loans of above Rs 1 crore has also increased and the premium housing loan scheme is exclusively for HNIs having gross annual income of Rs 25 lakh and above. The minimum loan amount under the scheme is Rs 1 crore and the rate of interest charged would be 10.05%.